Tuesday, August 19, 2008

The Hutches Wrestling Shoes

housing tenants' tax that no one knows

The Property Transfer Tax and Stamp Duty Documented (ITP and AJD) is an economic burden, almost unknown, that all people who rent a property in Spain are required to pay and that very few do. This tax is mostly people discover that their leases handled through a public entity.

The tenant must pay the levy for each rental contract to sign. The amount payable depends on contract length and the total amount due for the rental period. There are two ways: through a kiosk or in the Ministry of Finance of each region filling the Model 600.

to pay fees depending on the total amount are:
  • Hasta 30,05 euros - 0,09 €.
  • De 30,06 a 60,10 - 0,18 €.
  • De 60,11 a 120,20 - 0,39€.
  • De 120,21 a 240,40 - 0,78 €.
  • De 240,41 a 480,81 - 1,68 €.
  • De 480,82 a 961,62 - 3,37 €.
  • De 961,63 a 1.923,24 - 7,21 €.
  • De 1.923,25 a 3.846,48 - 14,42 €.
  • De 3.846,49 a 7.692,95 - 30,77 €.
  • De 7.692,96 en adelante, 0,024040 euros por cada 6,01 euros o
    fracción.
Por ejemplo, si alquilas una vivienda durante un año por 700 euros mensuales al final del contrato would have paid 8,400 euros and have to pay 33.60 euros in tax. (700x12 = 8,400 euros; (8.400-7.692,95) / 6.01 = 117.65 x 0.024040 + 30.77 = € 33.60 ).

disinformation about this tax is due to most leases are made between individuals and not go through a professional filter. In any case, remember that ignorance of the law does not excuse and in case of not paying the Administration can claim or even punish through the Income Statement.

0 comments:

Post a Comment